Has the Santa Cruz Market Stalled Out?

Описание: See the full Market Watch Post here: https://www.efhomes.com/blog/market-w...

In this video, Jason and Eric provide a market update for September, focusing on real estate in Scotts Valley and the surrounding areas. They begin by showcasing their latest listing at 770 Pine Cone Drive, highlighting its features like the renovated kitchen, wood beam ceilings, and proximity to schools and parks.

The discussion shifts to market trends, noting that prices have remained relatively flat throughout the year. They mention that average home prices in the county sit just above $1.2 million. The average days on the market have slowed to around 30, signaling a more balanced market compared to previous years.

Jason and Eric also talk about the impact of interest rates on the market. Despite higher rates than in past years, consumer confidence appears to be rising, with more people willing to move, upgrade, or downsize. They also discuss the number of listings returning to average levels, indicating that inventory is available but with a focus on homes that are well-maintained or upgraded.

The video ends with a reminder about the Federal Reserve’s upcoming meeting, which may influence interest rates further. They encourage viewers to reach out for more personalized market insights.